fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes

Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes
Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes
December 07, 2020  |  B2B Payments

Business email compromise (BEC) scams continue to ravage company coffers. Indeed, the last week has seen the emergence of even more examples coming to light....

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Banking Apps Shun Geolocation Data; Why Fraud Risks Could Follow
Banking Apps Shun Geolocation Data; Why Fraud Risks Could Follow
December 07, 2020  |  Security & Fraud

At a time when 80 percent of apps ask for (and are usually given) users’ geolocation data, the fact that most mobile banking applications still...

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Pioneer Bank Sues For Lost $34 Million In ValueWise Scandal
Pioneer Bank Sues For Lost $34 Million In ValueWise Scandal
December 06, 2020  |  B2B Payments

Pioneer Bank has joined the number of firms filing lawsuits over the continuing and complex MyPayrollHR/ValueWise scandal, which a report from the Daily Gazette calls...

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MonetaGo, GUUD Team On Secure Transactions
MonetaGo, GUUD Team On Secure Transactions
December 06, 2020  |  B2B Payments

MonetaGo, which specializes in blockchain technologies, and GUUD, which focuses on making international trade smooth, have teamed up on international financial transaction security, MonetaGo announced...

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Latest Study: Geolocation Data Sharing Is Deeply Trust-Based For Banks, FIs
Latest Study: Geolocation Data Sharing Is Deeply Trust-Based For Banks, FIs
December 03, 2020  |  Fraud Prevention

Geolocation data and adjacent technologies are helping to customize and personalize shopping, banking and more, as consumers acclimatize to a commercial world that increasingly concerns...

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Bitcoin Daily: Australian Crypto Exchange Exposes 270,000 Members’ Names, Emails; Bitcoin Sees Record Number Of Users
Bitcoin Daily: Australian Crypto Exchange Exposes 270,000 Members’ Names, Emails; Bitcoin Sees Record Number Of...
December 02, 2020  |  Bitcoin

Australia’s largest cryptocurrency exchange, BTC Markets, revealed in a series of tweets that it had mistakenly revealed its client names and email addresses in an...

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New SBA Data Shows PPP Loans With Missing Details
New SBA Data Shows PPP Loans With Missing Details
December 02, 2020  |  SMBs

New Paycheck Protection Program (PPP) data from the Small Business Administration (SBA) indicates that aid moved to small businesses as well as bigger companies. The...

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Virtual Debit Cards Secure Transactions And Ease Minds
Virtual Debit Cards Secure Transactions And Ease Minds
December 02, 2020  |  Security & Fraud

As entire industry sectors wage fierce cyber-battle against internet crooks, consumers continue to be victimized by these criminals, and it’s making them extremely nervous about...

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Bitcoin Daily: Bitcoin Crests $19,800; Russian Bank To Launch Sbercoin Crypto In 2021
Bitcoin Daily: Bitcoin Crests $19,800; Russian Bank To Launch Sbercoin Crypto In 2021
November 30, 2020  |  Bitcoin

Bitcoin saw a new all-time record high on Monday (Nov. 30), rising above $19,800 in the morning and resting at 19,633.264 at 7:32 p.m. Eastern...

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